Hosted Checkout refers to a payment page that is hosted by the payment processor (e.g., Stripe) rather than on the merchant's own website. This shifts the security burden of handling sensitive card data to the processor and ensures a mobile-optimized, PCI-compliant payment experience for the customer. FAQs: Can I customize the hosted checkout page?Yes, you [...]
Invoicing is the process of sending a detailed bill to a customer for goods or services rendered, usually with payment terms (e.g., "Due in 30 days"). Modern invoicing tools (like Stripe Invoicing) allow customers to pay the invoice immediately online via credit card or bank transfer. FAQs: Does Charge for Stripe support invoicing?Yes, you can [...]
The Standard Industrial Classification (SIC) Code is a four-digit system used specifically in the US (and often alongside MCCs) to categorize the industry of a business. While similar to MCCs, SIC codes are more often used for government reporting and general business classification. FAQs: Is SIC the same as MCC?They are similar but distinct. MCC [...]
A High-Risk Merchant is a business operating in an industry that payment processors consider to have a higher likelihood of chargebacks, fraud, or regulatory scrutiny. Examples include travel services, adult entertainment, nutraceuticals, and technical support. These merchants may face higher fees or stricter reserve requirements. FAQs: Can high-risk merchants use Stripe?Stripe supports some high-risk categories [...]
A Payout is the transfer of funds from your merchant payment account (e.g., Stripe balance) to your external bank account. Payouts happen according to a schedule (daily, weekly, monthly) or can be triggered manually depending on your account settings and region. FAQs: How long do payouts take?Standard payouts usually take 2 business days in the [...]
Identity Verification is the process of confirming that an individual is who they claim to be. In payments, this often involves uploading a government-issued photo ID (passport or driver's license) and sometimes a "liveness" check (selfie) to satisfy KYC requirements before an account can accept payments or receive payouts. FAQs: Why did my identity verification [...]
A Beneficial Owner is a natural person who ultimately owns or controls a business entity. For Stripe accounts, this typically includes anyone who owns 25% or more of the company or exercises significant control over it (like a CEO). Identifying beneficial owners is a key requirement of KYC regulations. FAQs: Why do I need to [...]
Anti-Money Laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Payment processors like Stripe are legally required to monitor transactions for suspicious activity to comply with AML regulations. FAQs: How does AML affect my business?You may be asked to provide more [...]
In the context of payment disputes, Evidence refers to the documentation and records a merchant submits to the card issuer to prove a transaction was legitimate. This can include sales receipts, proof of delivery, IP address logs, customer communication history, and signed contracts. FAQs: What is the best type of evidence?Objective, third-party verifiable proof is [...]
A Mobile Wallet is a digital app on a smartphone (like Apple Wallet, Google Wallet, or Samsung Wallet) that stores payment card information securely. It allows users to make payments in-store via NFC (Near Field Communication) or online without manually entering card details, often using tokenization to hide real card numbers from merchants. FAQs: Are [...]
